Al-Jouf Mineral Water net profit rises 3% to SAR 4.7 mln in 2021

29/03/2022 Argaam Exclusive

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Al-Jouf Mineral Water Bottling Co. reported a net profit after Zakat and tax of SAR 4.7 million in 2021, an increase of 3% from SAR 4.6 million a year earlier

Financials (M)

Item	2020	2021	Change‬
Revenues	71.63	67.63	(5.6 %)
Gross Income	36.76	34.24	(6.9 %)
Operating Income	4.71	5.27	12.0 %
Net Income	4.57	4.70	2.9 %
Average Shares	4.69	4.69	-
EPS (Riyals)	0.97	1.00	2.9 %

This earnings rise was driven by lower direct costs, after the company reduced the package weight, decreased selling and distribution costs, as well as lower financing expenses.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2020	H2 2021	Change‬
Revenues	30.97	35.10	13.3 %
Gross Income	15.87	17.32	9.2 %
Operating Income	1.99	2.52	26.5 %
Net Income	2.30	2.11	(8.2 %)
Average Shares	4.69	4.69	-
EPS (Riyals)	0.49	0.45	(8.2 %)

Item	H1 2021	H2 2021	Change‬
Revenues	32.53	35.10	7.9 %
Gross Income	16.92	17.32	2.4 %
Operating Income	2.76	2.52	(8.7 %)
Net Income	2.60	2.11	(18.8 %)
Average Shares	4.69	4.69	-
EPS (Riyals)	0.55	0.45	(18.8 %)

Total shareholders’ equity, excluding minority interest, increased by 8.8% to SAR 57.951 million in 2021, from SAR 53.248 million a year earlier.

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